Affordable Housing

T Building (Merchants Capital / Dunn Development Corp.)

Merchants Capital to Redevelop Former Triboro Hospital Into Supportive Housing in Jamaica, Queens

Merchants Capital recently secured funding to redevelop a historic hospital structure in Jamaica, Queens into low-income and supportive housing. The announced funding package amounts to $21 million in the form of a Freddie Mac unfunded forward Low-Income Housing Tax Credit (LIHTC) cash loan on behalf of private affordable housing developer Dunn Development Corp.

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